Amazon reported impressive Q1 earnings with a 13% increase in revenue to 143 billion and profits more than tripling to 10.4 billion, both surpassing Wall Street expectations. Amazon Web Services (AWS) had a remarkable quarter, with revenue up 17% and operating income skyrocketing by 84%. Amazon is emphasizing its focus on AI, Cloud computing, and other areas, as highlighted by their significant investments in anthropic and backing OpenAI. The company also saw a 24% increase in advertising sales, driven by their decision to enable ads on prime video. Observers speculate that Andy Jassy is strategically positioning himself as a key leader within Amazon, akin to other top technology company CEOs.
Kara and Scott discuss Tesla laying off its Supercharger team, WeWork reaching a $450 million restructuring deal, and Dave & Buster's taking a gamble on betting. Then, what do Amazon's latest earnings mean for the company's AI plans? Plus, Walmart shuts down its health centers and CVS stocks take a major tumble. Is anyone doing healthcare right?
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